NZD/USD Price Analysis: Kiwi melts down to two-month lows near 0.6400 figure

NZD/USD is under heavy bearish pressure as sellers are printing fresh 2020 lows.
The level to beat for sellers is the 0.6399 support.

Flavio Tosti Independent Analyst

NZD/USD daily chart

NZD/USD printed a fresh 2020 low as bears are challenging the 0.6399 support. As the market is under heavy selling pressure a break below the above-mentioned support can lead to further losses towards the 0.6365 and 0.6352 price levels on the way down, according to the Technical Confluences Indicator. Looking up, resistances are seen near the 0.6412, 0.6435 and 0.6465 price levels.

Resistance: 0.6412, 0.6435, 0.6465

Support: 0.6399, 0.6365, 0.6352

Additional key levels

NZD/USD

Overview
Today last price	0.64
Today Daily Change	-0.0058
Today Daily Change %	-0.90
Today daily open	0.6458

Trends
Daily SMA20	0.6561
Daily SMA50	0.6591
Daily SMA100	0.6472
Daily SMA200	0.6505

Levels
Previous Daily High	0.6485
Previous Daily Low	0.6453
Previous Weekly High	0.661
Previous Weekly Low	0.6453
Previous Monthly High	0.6741
Previous Monthly Low	0.6453
Daily Fibonacci 38.2%	0.6465
Daily Fibonacci 61.8%	0.6473
Daily Pivot Point S1	0.6446
Daily Pivot Point S2	0.6433
Daily Pivot Point S3	0.6414
Daily Pivot Point R1	0.6478
Daily Pivot Point R2	0.6497
Daily Pivot Point R3	0.651

Author

Flavio Tosti

Independent Analyst

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